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NEWS
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Younan Properties, Inc. is a privately-held real estate investment and asset management company headquartered in Los Angeles. Younan is focused on acquiring and managing Class “A” commercial office properties in the top 15 largest office markets throughout the United States. The company invests nationally in core-plus, value-added and development product categories. Known for its detailed, hands-on approach to improving operational efficiencies while concurrently maintaining top building standards, Younan has an exemplary track record in repositioning undervalued assets and in maximizing the value of stabilized assets. Through the application of proprietary technologies and proactive management strategies, Younan consistently has delivered superior returns to its investors. In the past five years, Younan has acquired 60 properties, 20 of which have been sold. Younan’s current portfolio consists of more than 12 million square feet of Class “A” office buildings in Dallas, Houston, Chicago and Phoenix valued at more than $1.6 billion.
“Success is a science…. Younan Properties has distinguished itself in the commercial real estate industry through its macro- and micro-economic disciplinary approach to evaluating and selecting markets, its ability to identify and acquire undervalued or poorly managed properties in each selected market, and a rigorous adherence to breakthrough property management and operating techniques. Younan closely examines numerous economic indicators to identify markets where it believes office buildings are undervalued and where values will increase in the near term as a result of, among other things: office employment growth; positive absorption; migration of Fortune 1000 companies into the market; ratio analyses comparing the positive absorption in the applicable market to new inventory entering that market, and statistical analyses evaluating purchase price to earnings ratio. Younan utilizes a sophisticated, proprietary underwriting and due diligence methodology, which enables it to quickly determine inefficiencies in a building’s operations as well as in its marketing and leasing efforts. Younan’s knowledge of
Younan’s property and asset management philosophy is unique in real estate because it employs strategies normally associated with the high tech manufacturing industry. It applies a hands-on management style in every step of the process, understanding the minute details of office building systems and efficiency management and it utilizes a manufacturer’s approach to operational and process variance analysis and minimization. As a result, Younan consistently is able to operate buildings at significantly lower costs than other building owners, without reducing tenant services or amenities. Another tool that has aided Younan in its success is its adherence to Total Quality Management. Through the company’s TQM program, tenant satisfaction is continuously monitored through the implementation of qualitative and quantitative research. Younan’s commitment to TQM points to its overall vision: reinventing how real estate assets are managed and how their value is enhanced. The TQM program ensures continuous and increased satisfaction for all tenants, while maximizing operational efficiencies. Younan brings expertise into every aspect of the real estate investment cycle by integrating a holistic view of a project. The company combines its comprehensive perspective of the real estate and capital markets, with its knowledge about the current financing options, income streams and property appreciation. Younan sees opportunities that escape the view of others. In fact, it is these opportunities that expand Younan’s knowledge, stretch its creativity and drive its commitment to exceed expectations. Younan’s continued success is ensured through constant self-improvement strategies, which deliver superior financial returns to its investors. Younan Properties has a distinguished record of success, which has fueled its growth from $32 million in assets to more than $1.6 billion in five years. Younan operates with distinct competitive advantages in the commercial real estate industry as a result of its ability to identify undervalued assets in developing markets and maximize the value of stabilized assets before its competitors, and its superior management of building operations. Younan will continue to capitalize on its competitive advantages and significantly outperform the real estate industry average investor returns.
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